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Veteran’s Day doldrums

Today is Veteran’s Day in the US so we can expect a slowdown in volumes today.

EURUSD is stalling around 1.1330 support, looking for direction.

GBPUSD not only broke 1.3050 last week but also broke 1.3000 to close the week around 1.2970 dollars.

It opened this week gapping lower, touching 1.2915 and now stalling around 1.2940 dollars. The bias is now bearish Pounds. We’re in favor of selling GBP on any strength.

AUDUSD is trading widely around the pivot at 72.40 cents. We can’t suggest a bias for this one because it looks as aimless as the EUR.

USDJPY is now at the top end of a wide range around 113.80, still failing to make it to the next typical resistance near 114.40. The bias is still bullish dollar, but we’re only recommending buying dips towards 113.60 yen.

#TradeAtYourOwnRisk with #Mocaz at #RealTraderCommunity.

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